I'm glad someone has written this article as the converse on HN has been overly negative. This is an article I would have probably written so I'd like to add:

I'm glad someone has written this article as the converse on HN has been overly negative. This is an article I would have probably written so I'd like to add: > Third, private transaction retrieval requires downloading blocks to your phone and manually filtering them. If you’ve ever used the Monero CakeWallet, you’ll know it can sometimes take quite a while before everything is synced and you actually see your full balance. MobileCoin solves this by using fog, which allows for instant and private transaction retrieval without putting a heavy computational load on your phone. MyMonero and OpenMonero is this kind of light wallet and has similar privacy guarentees. Fog is still vulnerable to timing based attacks. > Even if you assume that Intel SGX is completely broken in every way possible, MobileCoin provides at least the same amount of privacy as Monero. The purpose of SGX is to provide defense-in-depth by potentially mitigating heuristic analysis that CryptoNote protocols are vulnerable to. Federation fundimentally offers less privacy guarentees and relies on trusting the nodes and fog servers. Malicious actors can perform all kinds of timing attacks. > If anyone has read through Josh Goldbard’s comments on Hacker News, you will undoubtedly understand the frustration here. In multiple instances, he simply avoids answering a question altogether in his replies. I don’t believe he is trying to hide any foul play here. This is quite an optemistic take, even other cryptocurrencies are more transparent about their initial token sale price, companies and amount purchased, distribution schedule, etc. The article also doesn't touch on MobileCoin's lack of credit for Monero[0] and the founding engineer's now deleted post about the Monero codebase[1]. [0]: https://nitter.dark.fail/fluffypony/status/1379559273504641025 https://nitter.dark.fail/fluffypony/status/13795592735046410... [1]: https://nitter.dark.fail/fluffypony/status/1379604541390344194 https://nitter.dark.fail/fluffypony/status/13796045413903441...